Regarding Trends in Intangible Asset Reporting, Which of the Following

question 93

Multiple Choice

Regarding trends in intangible asset reporting, which of the following statements is NOT true?

• A) Intangible assets, along with goodwill, have been decreasing as a proportion of companies' reported assets.
• B) The most common types of intangible assets reported are broadcast rights, publishing rights, trademarks, patents, licences, customer lists, non-competition agreements, franchises, and purchased R&D.
• C) Intangibles are an important contributor to entity performance and financial position.
• D) Intangible assets, along with goodwill, have been increasing as a proportion of companies' reported assets.

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Definitions:

Tribal Rights

Legal or moral rights recognized for indigenous tribes, including land rights, self-determination, and preservation of culture and language.

Sierra Club

An environmental organization established in the United States to promote conservation of the natural environment.

Conservation

The protection and preservation of the natural environment, including plants, animals, and natural resources, to prevent exploitation and degradation.

Preservation

The act of maintaining or conserving something in its original or existing state, often applied to cultural, historical, and environmental endeavors.